ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION
Contemporary American interest in using antitrust law to address wealth inequality is a symptom of American political dysfunction rather than a reflection of any intellectual advance regarding the sources of inequality. Indeed, both the original American progressives of a century ago, as well as Thom...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
North-West Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration (RANEPA)
2022-04-01
|
| Series: | Теоретическая и прикладная юриспруденция |
| Subjects: | |
| Online Access: | https://www.taljournal.ru/jour/article/view/153 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841536695293444096 |
|---|---|
| author | Ramsi A. Woodcock |
| author_facet | Ramsi A. Woodcock |
| author_sort | Ramsi A. Woodcock |
| collection | DOAJ |
| description | Contemporary American interest in using antitrust law to address wealth inequality is a symptom of American political dysfunction rather than a reflection of any intellectual advance regarding the sources of inequality. Indeed, both the original American progressives of a century ago, as well as Thomas Piketty, whose work sparked contemporary intellectual interest in inequality, agree that inequality’s source is scarcity, rather than monopoly, and so will persist even in perfectly competitive markets. The only real solution is taxation, not a potentially destructive campaign of breakup. There are two causes of contemporary American antimonopolism. The first is American anti-statism, which has closed off tax policy as a viable political solution to inequality, forcing scholars and activists to seek a secondor third-bestworkaroundinantitrustpolicy. Thesecondisthe Americanpress, whichisactivelypromotingantimonopolism as a way of fighting back against Google and Facebook, two companies that have badly outcompeted the press for advertising dollars in recent years. Given these idiosyncratic roots of contemporary American antimonopolism, other jurisdictions seeking to address inequality may have little to gain from following the American example, particularly if taxation remains a viable policy option for them. |
| format | Article |
| id | doaj-art-e87102416da54d9985d2cf15b57e63fd |
| institution | Kabale University |
| issn | 3034-2813 |
| language | English |
| publishDate | 2022-04-01 |
| publisher | North-West Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration (RANEPA) |
| record_format | Article |
| series | Теоретическая и прикладная юриспруденция |
| spelling | doaj-art-e87102416da54d9985d2cf15b57e63fd2025-01-14T11:56:23ZengNorth-West Institute of Management, Branch of Russian Presidential Academy of National Economy and Public Administration (RANEPA)Теоретическая и прикладная юриспруденция3034-28132022-04-010174410.22394/2686-7834-2022-1-7-44107ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTIONRamsi A. Woodcock0University of KentuckyContemporary American interest in using antitrust law to address wealth inequality is a symptom of American political dysfunction rather than a reflection of any intellectual advance regarding the sources of inequality. Indeed, both the original American progressives of a century ago, as well as Thomas Piketty, whose work sparked contemporary intellectual interest in inequality, agree that inequality’s source is scarcity, rather than monopoly, and so will persist even in perfectly competitive markets. The only real solution is taxation, not a potentially destructive campaign of breakup. There are two causes of contemporary American antimonopolism. The first is American anti-statism, which has closed off tax policy as a viable political solution to inequality, forcing scholars and activists to seek a secondor third-bestworkaroundinantitrustpolicy. Thesecondisthe Americanpress, whichisactivelypromotingantimonopolism as a way of fighting back against Google and Facebook, two companies that have badly outcompeted the press for advertising dollars in recent years. Given these idiosyncratic roots of contemporary American antimonopolism, other jurisdictions seeking to address inequality may have little to gain from following the American example, particularly if taxation remains a viable policy option for them.https://www.taljournal.ru/jour/article/view/153antimonopolismprogressivismanti-etatismtaxinequality |
| spellingShingle | Ramsi A. Woodcock ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION Теоретическая и прикладная юриспруденция antimonopolism progressivism anti-etatism tax inequality |
| title | ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION |
| title_full | ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION |
| title_fullStr | ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION |
| title_full_unstemmed | ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION |
| title_short | ANTIMONOPOLISM AS A SYMPTOM OF AMERICAN POLITICAL DYSFUNCTION |
| title_sort | antimonopolism as a symptom of american political dysfunction |
| topic | antimonopolism progressivism anti-etatism tax inequality |
| url | https://www.taljournal.ru/jour/article/view/153 |
| work_keys_str_mv | AT ramsiawoodcock antimonopolismasasymptomofamericanpoliticaldysfunction |